Acadian Asset Management LLC Buys Shares of 6,118 Ally Financial Inc (ALLY)

Acadian Asset Management LLC bought a new stake in shares of Ally Financial Inc (NYSE:ALLY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,118 shares of the financial services provider’s stock, valued at approximately $178,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. State Treasurer State of Michigan grew its position in Ally Financial by 163.0% in the 3rd quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock valued at $91,289,000 after acquiring an additional 2,331,967 shares during the last quarter. King Street Capital Management L.P. grew its position in Ally Financial by 40.5% in the 3rd quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock valued at $168,195,000 after acquiring an additional 2,000,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in Ally Financial by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock valued at $442,825,000 after acquiring an additional 1,251,678 shares during the last quarter. Janus Henderson Group PLC grew its position in Ally Financial by 1,716.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,176,263 shares of the financial services provider’s stock valued at $24,584,000 after acquiring an additional 1,111,513 shares during the last quarter. Finally, Platinum Investment Management Ltd. bought a new position in Ally Financial in the 3rd quarter valued at $24,876,000.

Shares of Ally Financial Inc (NYSE ALLY) opened at $28.40 on Thursday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $12,560.00, a price-to-earnings ratio of 13.99, a P/E/G ratio of 0.74 and a beta of 1.39. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $31.29.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. analysts anticipate that Ally Financial Inc will post 2.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This is a boost from Ally Financial’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Wednesday, January 31st. Ally Financial’s dividend payout ratio is 25.62%.

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Ally Financial from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Morgan Stanley upped their target price on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 target price on shares of Ally Financial in a report on Tuesday, January 30th. Wells Fargo & Co reiterated an “outperform” rating and issued a $35.00 target price (up from $30.00) on shares of Ally Financial in a report on Wednesday, January 31st. Finally, Citigroup assumed coverage on Ally Financial in a report on Monday, October 16th. They issued a “buy” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Ally Financial has a consensus rating of “Buy” and a consensus price target of $32.56.

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Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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